Ford Leads $4.78 Billion of Asset-Backed Deals as Sales Jump
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Ford Motor Co. leads companies selling $4.78 billion in asset-backed offerings as issuance revives following a pullback amid concern that the Federal Reserve was poised to start winding down stimulus efforts.
The automaker is marketing $1.34 billion of bonds linked to auto loans through its finance unit, according to a person with knowledge of the transaction who asked not to be identified because terms aren’t public. The offering may be sold as soon as tomorrow, the person said.